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You are the audit manager at Cowes and Co. One of your audit client is Yarmouth ltd., a company that manufactures and sells motor vehicles.
You are the audit manager at Cowes and Co. One of your audit client is Yarmouth ltd., a company that manufactures and sells motor vehicles. You have been approached by one of their competitors, Lymington Ltd., to be their external auditors.
Requirement:
Describe the Cowes and Co. Should take to manage the conflict of interest arising from performing the audit of Yarmouth ltd. And Lymington Ltd.
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